The right wholesaler that knows how to properly calculate a SOW (scope of work) to gain the rehab budget, generate an ARV from local comps and not want to get rich on every deal is NOT easy to find....but, they do exist.

Finally, confirm if there are any existing service contracts (for landscaping, pest control, etc.) that may need to be transferred or canceled.

Inheriting a tenant can be a bit of an adventure, but with the right steps, you'll be golden.First things first, dive into that existing lease agreement.

So is there any disadvantages you see to using a property manager for student rentals.Please advise - Thanks - Benny1.One of the many reasons I use 1 lease is that all of the kids that come to me show up as pre-existing friends.

We still see one another, but it's not the close family ties that once existed.

One option rather than doing that could be Subject To - in which you buy the house for $184K subject to the existing mortgage.

If the existing ceiling paint is damaged, the ceiling must be scraped, repaired and painted.

So there are now 20+ people to connect with in order to get a clean marketable title, (none of these existing family members have any idea of the property even existing).

Given your strong credit, rental experience, and the equity in your existing properties, you’d likely have some solid options. 

Two giant humps have grown up in the floors from the water damage.Some parts of the subfloor are at 55%+ water saturation.